The Hong Kong-based digital media company and e-commerce retailer will merge with Iron Spark I, a special purpose acquisition company that trades on Nasdaq under the ISAA ticker, in a deal that gives Hypebeast a pro forma value of $534 million. As part of the transaction, Hypebeast will receive a $13.3 million PIPE investment from a roster of athletes and celebrities, including Tom Brady, Naomi Osaka, Kevin Durant and others, who will take an equity stake in the company. The deal is on track close in the third quarter of 2022, after which Hypebeast will trade on Nasdaq as HYPE, ... Log in to view full article.